Insider Buying: Gran Tierra Energy Inc. (NYSE:GTE) Major Shareholder Acquires 45,158 Shares of Stock

Gran Tierra Energy Inc. (NYSE:GTE) major shareholder Equinox Partners Investment Ma bought 45,158 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The shares were acquired at an average price of $4.59 per share, with a total value of $207,275.22. Following the completion of the transaction, the insider now directly owns 1,959,640 shares of the company’s stock, valued at $8,994,747.60. This trade represents a 2.36 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Equinox Partners Investment Ma also recently made the following trade(s):

• On Monday, April 14th, Equinox Partners Investment Ma acquired 23,200 shares of Gran Tierra Energy stock. The stock was bought at an average cost of $4.16 per share, with a total value of $96,512.00.
• On Thursday, April 10th, Equinox Partners Investment Ma purchased 33,531 shares of Gran Tierra Energy stock. The shares were bought at an average price of $3.73 per share, with a total value of $125,070.63.
• On Monday, April 7th, Equinox Partners Investment Ma acquired 146,460 shares of Gran Tierra Energy stock. The stock was bought at an average price of $3.94 per share, for a total transaction of $577,052.40.
• On Friday, April 4th, Equinox Partners Investment Ma bought 123,000 shares of Gran Tierra Energy stock. The stock was purchased at an average price of $4.11 per share, with a total value of $505,530.00.
• On Wednesday, April 2nd, Equinox Partners Investment Ma purchased 5,000 shares of Gran Tierra Energy stock. The shares were purchased at an average price of $5.16 per share, for a total transaction of $25,800.00.

Gran Tierra Energy Price Performance

Shares of Gran Tierra Energy stock traded down $0.18 on Monday, reaching $4.55. The company’s stock had a trading volume of 250,680 shares, compared to its average volume of 310,899. Gran Tierra Energy Inc. has a 52-week low of $3.34 and a 52-week high of $10.40. The company has a market capitalization of $163.29 million, a P/E ratio of 3.18 and a beta of 0.89. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. The stock has a 50-day moving average price of $4.78 and a 200-day moving average price of $5.95.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GTE. Equinox Partners Investment Management LLC raised its position in shares of Gran Tierra Energy by 63.6% in the fourth quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company’s stock valued at $24,511,000 after buying an additional 1,318,488 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Gran Tierra Energy during the 4th quarter worth approximately $13,557,000. American Century Companies Inc. grew its position in shares of Gran Tierra Energy by 11.9% in the fourth quarter. American Century Companies Inc. now owns 1,171,287 shares of the company’s stock valued at $8,468,000 after purchasing an additional 124,138 shares in the last quarter. LM Asset IM Inc. purchased a new position in Gran Tierra Energy during the fourth quarter worth approximately $7,928,000. Finally, Renaissance Technologies LLC boosted its stake in Gran Tierra Energy by 22.7% during the fourth quarter. Renaissance Technologies LLC now owns 865,280 shares of the company’s stock worth $6,256,000 after buying an additional 159,900 shares during the last quarter. 31.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.